Mississippi AG Preps Antitrust Suit Against Google


The Mississippi Attorney General (AG) revealed that his office is preparing an antitrust case against Google , accusing the tech giant of controlling a “pipeline” of data. “We

State Employees In Mississippi Targets Of Direct Deposit Scam


News comes this week from Mississippi that state workers are being targeted by similar fraud attempts. In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts.

Renasant to buy Metropolitan BancGroup in Mississippi


M&A Community banking MississippiThe $190 million deal would push Renasant above the $10 billion-asset regulatory threshold.

IH Mississippi Valley CU to Build New $26 Million HQ, Project Receives Tax Incentives

Keith Leggett's Credit Union Watch

Moline City Council approved the city's development agreement with IH Mississippi Valley Credit Union (Moline, IL). As part of the agreement, IH Mississippi Valley will receive a tax increment financing (TIF) incentive payment of up to $3.9 The city will sell property to the $1.2 billion credit union for $2.925 million, which will be used to construct an 80,000-square-foot, four-story facility.

Training Employees to Soar at Community Bank in Mississippi

American Banker

Roughly once a quarter senior executives at Community Bank in Brandon, Miss., take a select group of up-and-coming managers on a three-day retreat. The trips are part of a management training course known as the Falcon Program that took flight in 2012.

BankFirst to buy FNB Bancshares in Alabama


The Mississippi company will have 22 branches and more than $1 billion in assets when the deal is completed. Community banking M&A Growth strategies Alabama Mississippi

BancorpSouth announces acquisitions in Florida, Texas


The Mississippi company will pay more than $200 million for the parent companies of Texas Star Bank and Summit Bank. Community banking M&A Growth strategies Capital Mississippi Texas Florida

First Bancshares entering New Orleans with FPB acquisition


The Mississippi company will pay $86 million for seven branches with $318 million in deposits. Community banking M&A Growth strategies Capital Mississippi Louisiana

Renasant lines up next CEO a year in advance


The Mississippi company said Mitchell Waycaster will succeed Robin McGraw in May 2018. Succession planning C-suite Commercial banking Mississippi

CUNA supporting Hyde-Smith in Mississippi special election

CU Insight

The Mississippi election is unique; it is a special election for the seat that had been held by Republican Sen. The post CUNA supporting Hyde-Smith in Mississippi special election appeared first on CUInsight. CUNA’s political action committee on Tuesday announced its final independent expenditure of this election cycle—television advertising on behalf of Sen. Cindy Hyde-Smith (R-Miss.).

First Bancshares makes bigger Fla. commitment with FMB purchase


The Mississippi company will also gain its first branches in southern Georgia as part of the $80 million deal. Community banking M&A Growth strategies Mississippi Florida Georgia

Navient must face Pa. lawsuit for alleged predatory lending


Student loans Crime and misconduct Navient CFPB Pennsylvania Illinois Washington Mississippi CaliforniaA U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

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Renasant takes big leap in Atlanta with $453M acquisition


The Mississippi company will gain nearly $2 billion in loans after it buys Brand Group Holdings. Community banking M&A Capital Growth strategies Georgia Mississippi

IH Mississippi Valley CU Raises Rates on 39- and 60-month CDs

Deposit Accounts

Blog IH Mississippi Valley CU Raises Rates on 39- and 60-month CDs. IH Mississippi Valley CU Raises Rates on 39- and 60-month CDs. IH Mississippi Valley Credit Union (IHMVCU) recently raised the rates on many of its CDs, with the 39-month CD (1.81% APY) and the 60-month CD (2.27% APY) being the most competitive. Membership in IH Mississippi Valley Credit Union is open to U.S. Please refer to our financial overview of IH Mississippi Valley Credit Union for more details.

End in sight for Hancock's lingering energy-related issues


The Mississippi company said it has recorded most of the expected charge-offs tied to the last severe decline in oil prices. Regional banks Earnings Credit quality Energy industry Mississippi

Hancock reports higher profit despite energy exposure, tax reform hit


The Mississippi company reported strong loan growth, even as it reduced exposure to energy-related borrowers. Community banking Regional banks Earnings Tax deferments M&A MississippiHigher revenue also helped Hancock lower its efficiency ratio.

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BankFirst in Miss. buys mortgage services company


Community banking Mortgages Servicing M&A MississippiBankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Hancock reports higher profit that reflected balance sheet growth


An increase in total loans and a lower tax rate helped the Mississippi company offset revenue it lost after selling a consumer finance business. Community banking Earnings M&A Mississippi

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A slow economy gave regionals chance to catch up on tech


Growth strategies M&A Regional banks Digital banking Fintech Alabama MississippiA sluggish business climate and few M&A opportunities freed up midsize banks to invest in better tech systems and services, says Regions Chairman Grayson Hall.

BankFirst in Miss. raises $16M through private placement


Community banking Capital Growth strategies MississippiThe company sold common stock to employees, existing shareholders and new investors.

Uber Of X: The Speed Stable, Motorcycles On-Demand


With more than 100 users locked and loaded, the Mississippi-based company recently sped over to one of the largest motorcycle events — Barber Vintage Festival in Birmingham, Alabama — with more than 70,000 attendees, many of them learning (and getting excited) about The Speed Stable. We live out in the country in Mississippi, and a 50-year-old, two-stable horse barn became available. uber of x Airbnb mississippi motorcycles on-demand peer to peer Uber Uber of X

Hancock continues to reduce size of energy portfolio


The Mississippi company reported higher quarterly earnings despite ongoing energy challenges. Community banking Earnings Energy industry MississippiHancock also benefited from its April purchase of the failed First NBC Bank.

Hancock in Miss. to sell its consumer finance business


Community banking Regional banks M&A Consumer lending MississippiHarrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

BancorpSouth reports higher profit on loan growth, expense control


The Mississippi company's first-quarter earnings rose 60% from a year earlier. Earnings Deposits Commercial lending MississippiIts results from last year were weighed down by a settlement with regulators.

For this bank buyer, the country's where the action is


Community banking M&A Consolidations Under-served populations Arkansas MississippiWhile sellers in urban centers are getting a lot of attention from acquirers, Southern Bancorp in Arkansas shows the upside of pursuing smaller deals in underserved rural markets.

Serial acquirer back on track after years in penalty box


Community banking M&A Consolidations AML Compliance Growth strategies Mississippi Texas LouisianaDan Rollins engineered nearly a dozen deals while at Prosperity Bank. Now CEO at BancorpSouth, he has returned to M&A after spending four frustrating years dealing with compliance issues.

New deal shows that BancorpSouth's reg issues are a thing of the past


Community banking M&A CRA Consolidations Mississippi TexasBancorpSouth, which had two prior deals delayed over BSA and CRA issues, has agreed to buy a bank in the Houston area.

What made a Georgia bank pivot from IPO to sale?


Community banking M&A Capital IPOs Growth strategies Georgia MississippiBrand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest deals announced this year.

BancorpSouth set to abandon its bank holding company


With the move, the Mississippi bank would no longer be regulated by the Federal Reserve. Community banking Revenue and expenses Compliance Federal Reserve FDIC MississippiThe decision comes after the bank struggled with Bank Secrecy Act and Community Reinvestment Act compliance.

Stars aligning for more bank debt sales


Capital Growth strategies Debt Community banking MississippiIncreased investor appetite and the emergence of specialized debt ratings are expected to spur demand, and community banks are looking for ways to fund expansion and hedge against future economic downturns.

First Bancshares in Miss. makes bigger push into southern Ala.


Community banking M&A Capital Growth strategies Mississippi AlabamaThe company, which agreed to buy Southwest Bancshares in Mobile, also plans to sell $45 million in stock to help fund the deal.

Hancock in Miss. announces rebranding effort, higher earnings


Community banking Regional banks Banking brands Branding Earnings Mississippi LouisianaThe company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.

Auto lending scrutiny: Will states pick up where CFPB left off?


Disputes and judgments Auto lending Subprime lending Consumer lending CFPB New York Maryland Massachusetts Delaware MississippiAuto lenders would be well advised to keep up their guard as states — particularly blue ones — take steps of their own to crack down on what they see as abusive practices.

Cross border payment innovation and regulation drive each other

Bobs Guide

Unheard of today, the New York & Mississippi Valley Printing Telegraph Company was founded in 1851. Five years later, the company was renamed Western Union.

BancorpSouth to buy banks in Alabama, Texas


The Mississippi bank will pay up to $100 million to expand in southwest Alabama and Dallas. Community banking M&A Growth strategies Capital Alabama Texas

Investor group plans New Orleans expansion as part of bank acquisition


River Road Financial has agreed to buy Mississippi River Bank in a deal that will bring in a new CEO. Community banking M&A Capital Louisiana

CFPB fines Alabama lender but suspends most of penalty


The bureau determined that Triton Management Group had unfairly charged Mississippi consumers excess interest in violation of state law. Small-dollar lending Enforcement actions Payday lending CFPB

Walking in your neighbor’s shoes this Thanksgiving.

Long Lasting Ideas

The scene was the Mississippi Gulf Coast, a land that still looked for all the world like a war zone, thanks to Hurricane Katrina, the storm that hammered Mississippi and Louisiana just three months before. Thanksgiving 2005.

First NBC in New Orleans hires industry veteran Carl Chaney as its new CEO


Chaney was CEO of Hancock Holding in Mississippi for nearly a decade, overseeing a period of substantial growth. Succession planning Growth strategies M&A

User-centric and entity-centric analytics, the perfect combination for IoT security


Consider the collapse of the I-35 W Mississippi River Bridge. Cisco and Microsoft have recently invested in the Internet of Things (IoT) – indicating not only that IoT has reached massive scale, but that tech giants are clearly putting their bets behind it. Because IoT is changing the game.

Remaining cautious on energy credits at Hancock Holding


The Mississippi company reported loan growth but a dip in profits after a first-quarter acquisition, and it warned that it is on alert for any new “lag” in the energy sector. Earnings Commercial lending Energy industry M&A

Kings, Queens and unlocking dreams.

Long Lasting Ideas

It’s a story of how a new teacher in town used an ancient game –chess – to open the minds and hearts of a Southwest Mississippi community, and taught kids to dream—and dream big.

CUNA receives first 2017 board nomination

CU Insight

Charles Elliott, president/CEO of the Mississippi Credit Union Association, Jackson, Miss., General board nominations Charles Elliot CUNA CUNA News Now Mississippi Credit Union AssociationCUNA has received the first nomination for open positions on CUNA’s board of directors.